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The agreement between an issuing house and Bifrost when it strikes and lists coins on the platform.
Last updated 11 July 2026
This agreement is between Bifrost and the issuing house named on the account that accepts it (the “House”). It governs the House's admission of coins to the Bifrost programme, the striking and issuance of its collections, and the proceeds it earns. It is separate from, and additional to, the Terms of Service that every account accepts; where the two differ on a matter specific to issuing, this agreement prevails.
The House accepts this agreement by signing it with the wallet linked to its account. The signature records the House's agreement to these terms and costs nothing; it authorises no payment and moves no coin.
The House warrants that every coin it admits to the programme is genuine, is described accurately in its specification and imagery, and is free of any undisclosed lien, claim or restriction. Each certificate issued for a coin represents exactly one identifiable physical coin — never a pool, a fraction, an index or a claim against Bifrost or the House.
The House is responsible for the accuracy of every collection description, mintage figure and set of series imagery it supplies. Bifrost authenticates and vaults each coin before its certificate is issued, but authentication by Bifrost does not relieve the House of its warranty of genuineness. A coin later shown by a qualified expert to be not genuine is withdrawn, the buyer is refunded under Buyer Protection, and the cost of that refund is the House's responsibility.
Coins admitted to the programme are held in the insured Bifrost vault under the same custody terms that apply to every coin on the platform: individually assigned slots, segregation from Bifrost's own assets, and insurance at market value. The House asserts no custody rights over a coin once its certificate has passed to a collector.
While a coin is vaulted, its certificate and the coin share the same fate, and title moves only with the certificate. A certificate holder may redeem the underlying coin at any time; a redeemed coin leaves the programme and its certificate can no longer be traded until the coin is re-admitted and re-authenticated through the consignment programme.
On a primary drop, the House receives the sale price less the platform vault fee of 2.5%, settled through Bifrost as settlement agent. On every resale of a coin the House issued, the House receives the creator royalty set for that collection — a default of 2.5%, embedded in the collection's smart contract under EIP-2981 and deducted within the settlement — paid to the House's payout wallet.
The royalty is the House's ownership-linked creator royalty, not a participation in a buyer's profit or a return on the coin. Bifrost does not lend, invest or take a position in the coins the House issues, and holds no House balance between settlements. Proceeds are routed to the payout wallet the House sets in its studio; the House is responsible for keeping that wallet current and for the tax treatment of its own proceeds.
The House agrees not to place or arrange bids or listings that misrepresent supply or demand for its own coins, not to trade against its own collections to manipulate price, and not to admit any coin it does not have the right to sell. Prices on the platform are set by users; nothing the House publishes on the platform is investment advice, and the House will not describe its coins as investments or promise a return.
The House will keep its published mintage figures true: once a set's total mintage is stated, the House will not strike beyond it. Series imagery and descriptions must be the House's own or properly licensed.
Bifrost operates under an anti-money-laundering and counter-terrorist-financing programme and is the obliged entity for identity verification on the platform. The House agrees to cooperate with that programme: to provide, on request, information about its ownership, its coins and their provenance; to respond to sanctions, fraud and money-laundering enquiries; and to support Bifrost's obligations under the Markets in Crypto-Assets Regulation (MiCA), the Liechtenstein Token and TT Service Provider Act (TVTG) and applicable travel-rule requirements.
The House warrants that it and its beneficial owners are not subject to sanctions and that its coins are not the proceeds of unlawful activity. Bifrost may suspend a House's issuing privileges, delist a collection, or withhold proceeds where screening fails or where it is required to do so by law.
This agreement continues while the House issues on the platform. Either party may end the House's participation on reasonable notice; coins already issued keep their certificates and their custody, and collectors are unaffected by the House's departure. Bifrost may suspend issuing privileges immediately where authenticity, sanctions, fraud or money-laundering risk requires it.
On-chain records are permanent by design and cannot be reversed by Bifrost. To the extent permitted by law, Bifrost's liability to the House is limited to fees the House has paid to Bifrost in the twelve months preceding a claim; nothing limits liability for fraud or wilful misconduct. This agreement is governed by the law of Liechtenstein, and disputes are subject to the courts of Vaduz.
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